 "CCI approves SMBC's 20% stake purchase in Yes Bank for $1.6 billion")
India's competition regulator said on Tuesday it had approved Japanese company Sumitomo Mitsui Banking Corporation's stake purchase in Indian lender Yes Bank.
SMBC in May had inked a deal to take a 20% stake in Yes Bank for $1.6 billion, making it the largest cross-border merger and acquisition deal in India's financial sector.
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